Karnataka Bank hikes deposit interest rates

With effect from 27 June 2018

Karnataka Bank has raised interest rates on its Domestic and NRE Rupee term deposits by 10 basis points for a period of 1 year to 2 years with a hike in interest rate from 7.25% to 7.35% [for deposits upto Rs 10 crore]. The above rates are effective from 27 June 2018.

Further, Resident Senior Citizens are eligible for additional 0.50/o interest over the General rate for term deposit up to Rs 5.00 crore across all maturity slabs.

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